Somerset Investors Corp. Mortgage Refinance, Reverse Mortage, Home Loan
  Reverse Mortgage Divorce Buyouts Debt Consolidation Home Improvement Purchase Refinance
Search Somerset:
Print this page    E-mail this page

VA Divorce Buyout in Virginia

Since 1979 Somerset Investors Corp. Co. has been considered a leader in the residential mortgage lending business and is currently licensed in 26 states, including Virginia, offering its expertise in many of the circumstances that life brings to many homeowners.   In most cases Somerset has been able to provide lower payments for the spouse remaining while giving large cash outs to the other. Our Divorce Buyout Loan Specialists work with you to determine how much of a loan you need and what it will cost to refinance.Following is an example of how Divorce Buyout works:

Example: John and Jane own a house valued at $500,000, with a mortgage (or mortgages) that total $300,000.  If you subtract the value from the total loan about ($500,000 - $300,000) you get the equity of the house, in this case $200,000.  If John and Jane split their assets 50-50, each have $100,000 equity in the house.  Therefore, if John wishes to keep the house, he would need to refinance the mortgage(s) with a total loan amount of $400,000 and use the remaining $100,000 to buy out his spouse.

Local divorce buyout directory for VA :
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Abingdon Amelia Court House Ararat Ashland
Accomac Amherst Arcola Assawoman
Achilles Amissville Ark Atkins
Afton Ammon Arlington Atlantic
Alberta Amonate Aroda Augusta Springs
Aldie Andover Arrington Austinville
Alexandria Annandale Arvonia Axton
Altavista Appalachia Ashburn Aylett
Alton Appomattox

Return to our divorce buyout page

Call for COMPLETE details NOW!

(800) 675-9783

Virginia News
VDOT Addressing Budget Shortfalls

Virginia highways officials have developed a plan to address expected shortfalls in federal and state funding.


Delegate calls for meeting on uranium study

A study of uranium mining in Virginia is expected to be adopted during a Nov. 6 meeting of the Coal and Energy Commission in Richmond.


Judge hears latest arguments vs. ad disclosures

A federal judge will soon decide whether West Virginia can continue to require spending reports from those behind certain independent political ads.


NC Authorities On Lookout At Park For Attacker

Authorities have reopened a park in the Great Dismal Swamp after a woman said she was attacked there by a man who demanded money and cut her arm with a small knife.


Virginiaa s latest a Most Wanteda list contains parents that owe child support

Eight men and one woman who have evaded a combined $523,000 in child support are on Virginia's latest "Most Wanted" list.


Arrest made after man carries gun onto Virginia campus

Police say a Danville Community College student seen carrying a gun on campus has been arrested.


No country for liberals

Appalachia can be a cold country for liberals, so when word came that the Obama campaign was opening an office in town, Dee Crescitelli started driving by, just to see if it was open yet.


W.V. Lawmakers Update Economic Health

West Virginia lawmakers are likely to get an update on the damage that the Mountain State can expect from the worldwide financial meltdown.


Kaine appoints ex-delegate to Norfolk bench

The former leader of the General Assembly's Legislative Black Caucus is now a circuit judge.


Clinton campaigns for Obama in Roanoke

Former President Bill Clinton is in Virginia to campaign for Democratic presidential candidate Barack Obama in Roanoke and Richmond.


Panel recommends fishing license expenditures

A committee has recommended that revenue from saltwater fishing licenses go toward projects that include a data collection system and youth fishing programs.


Disgraced sprinter sentenced to five years

NORFOLK: Disgraced former 100-meter world record holder Tim Montgomery was sentenced to five years in prison here Friday after the former athletics star admitted to distributing heroin last year.


McCain rejoins fight in battleground Virginia

John McCain heads to Virginia with his most potent weapon--running mate Sarah Palin --to rejoin the electoral battle for a state Republicans have owned for the past 10 presidential elections.


Venue change announced for Gov. Palin Rally in Richmond on Monday

Richmond, Virginia ? The McCain/Palin campaign has announced a venue change for Governor Sarah Palin's campaign stop in Richmond on Monday.


McCain campaign fires Va. Operative

A McCain spokeswoman said Bobby May was dropped this week from his job as McCain's Buchanan County campaign chairman.


Virginia Fugitive Nabbed In Phoenix

A man sought by authorities in Virginia on charges that he gave steroids to a high school wrestler and then molested him has been arrested in Phoenix.


ACLU Fights For Rights On Election Day

Read More "); var headline = escape ; OpenWin ; var headline = escape ; OpenWin( '/Global/Create_Email_Story.asp's=9163214&Headline=' + headline + '&Summary=' + summary + ' Updated: The ACLU of Virginia wants ...


Chuck Todd: A Kerry Landslide? Why the next election won't be close.

Over the last year, most political TV shows handicapping the upcoming presidential election have repeated the refrain that the race will be extremely tight.


State election law again under attack

The latest version of the state's election law on disclosing who pays for campaign ads by independent or third-party groups near election time is under attack again, this time by a small, nonprofit, West ...


Virginia to slice transportation budget

Expect Virginia 's transportation budget to be slashed. "Next Wednesday will be the day for transportation, and those reductions will be very substantial and very painful," Virginia Secretary of Transportation ...


Save time with our easy online mortgage application.
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
 
"Every other company said they could not help us. After speaking to about five companies, we really believed that no one could. Then we called Somerset, and your company proved us and those other companies wrong. We can't thank you enough for all your hard work and effort in getting us a low fixed rate. We can now breathe easier..." - L. Braun
© 2006 Somerset Investors Corp. All rights reserved.
home | about us | Mortgage Blog | contact us | privacy policy | state licensing | search | links | link to us | site map
mortgage calculators | refinance | purchase | fha | reverse mortgage | divorce buyout | debt consolidation
Eqaul Housing Lender Member of the Better Business Bureau (BBB) Member of the National Reverse Mortgage Lenders Association (NRMLA)